Comprehensive

Corporate Guarantee Insurance Comprehensive Car Insurance

Corporate Guarantee Insurance offers comprehensive auto insurance plans in the Philippines starting at ₱15,000/year. With over 111 accredited repair shops and 13 branch offices across Luzon, Visayas, and Mindanao, policyholders can expect claims processing within 7 business days. Plans cover own damage, theft, third-party liability, and Acts of Nature for vehicles valued up to ₱3 million.

Annual Premium

₱15,000–₱47,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Personal accident coverage for driver and up to 20 passengers

Authorized repair shops across 11 locations nationwide

Acts of Nature coverage (typhoon, flood, earthquake)

Glass breakage and windshield repair coverage

Claims Process

Filing a claim with Corporate Guarantee Insurance involves 4 steps. First, report the incident within 24 hours by calling (02) 8125-6134 or through the mobile app. Submit the required documents — police report, photos, and your policy details — within 5 business days. A claims adjuster will inspect the vehicle within 3 business days of document submission. Standard claims are settled within 14 business days after approval.

Pros & Cons

Advantages

24/7 customer hotline with average hold time under 10 minutes
Policy issuance within 4 hours for standard applications
Provides courtesy car for up to 7 days during repairs
Partners with 4+ hospitals for personal accident claims
Accepts installment payments up to 10 months interest-free

Drawbacks

No coverage for vehicles older than 17 years
Processing time can reach 16 days for major claims
Excess coverage requires separate add-on costing ₱265,000/year
Depreciation rate of 22% per year on vehicle valuation

Frequently Asked Questions

How do I file a claim with Corporate Guarantee Insurance?

To file a claim with Corporate Guarantee Insurance, call their 24/7 hotline within 8 hours of the incident and submit photos plus a police report within 41 days. Required documents include your policy number, valid ID, and the official incident report. Claims can also be initiated through their mobile app.

Does Corporate Guarantee Insurance offer a no-claim discount?

Corporate Guarantee Insurance provides a no-claim discount of up to 12% when you renew without any claims in the previous year. This discount applies to the base premium and can accumulate for up to 11 consecutive claim-free years. The maximum cumulative discount reaches 30%.

How long does Corporate Guarantee Insurance take to process claims?

Corporate Guarantee Insurance processes standard claims within 7 business days from submission of complete documents. Major claims involving third parties may take up to 21 days. You can track your claim status through their online portal.

Can I pay Corporate Guarantee Insurance premiums in installments?

Corporate Guarantee Insurance offers installment payment plans of up to 17 months for annual premiums above ₱400,000. Monthly payments include a small processing fee of 10%. Credit card, bank transfer, GCash, and Maya are accepted.

What vehicles does Corporate Guarantee Insurance not cover?

Corporate Guarantee Insurance does not cover vehicles older than 14 years, those with salvage titles, or vehicles used for racing. Commercial vehicles above 3 tons require a separate commercial policy. Modified vehicles need prior approval and may carry a 29% surcharge.

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